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Court sets aside Eskom tariff hike

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Johannesburg - The National Energy Regulator must review its decision to allow Eskom to increase prices from April 1, the High Court in Johannesburg ruled on Tuesday.

This after a group of businesspeople argued Eskom needed to be more open about its expenses.

The National Energy Regulator, which sets prices Eskom can charge its customers, on March 1 gave the producer permission to recoup expenses it hadn’t budgeted for in fiscal 2014 by raising tariffs an average 9.4% starting April 1, more than the 8% it had initially allowed.

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